The Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...

The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...

The move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the ac...

The Reserve Bank of India has taken a firm stance against Cashfree Payments India Private Ltd. by imposing a Rs 3.1 lakh penalty. This deci...

Paytm Payments Services received in-principle approval from the RBI to operate as an Online Payment Aggregator, subject to compliance with ...

PFC and REC shares surged following the RBI's final project finance directions, which replaced legacy circulars and aligned norms. The rela...

The peer-to-peer (P2P) lending sector has experienced a significant slowdown over the past year as the Reserve Bank of India (RBI) has tigh...

The Reserve Bank of India lifted restrictions on Asirvad Micro Finance and DMI Finance. These restrictions had been imposed in October 2024...

Gold loans in India have seen significant growth by September 2024 compared to the previous year, driven by increased reliance on gold as c...

LIC reported unclaimed maturity amounts of ₹880.93 crore in FY24, slightly up from the previous year. The government is employing various m...

New money transfer rules: The revised regulations are intended to improve the security of domestic money transfers and ensure compliance wi...

Paytm parent firm One 97 Communications said on October 22 that the National Payments Corporation of India (NPCI) has given approval to the...

Union Bank of India has joined the Partnership for Carbon Accounting Financials (PCAF) to align with global climate risk management efforts...

With a focus on banking services and payment systems, the Reserve Bank of India (RBI) recently released a new framework on Domestic Money T...

The Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations ...

The RBI has released a circular extending the deadline to implement the revised guidelines on how banks, NBFCs are charge penal interest an...

The Reserve Bank of India (RBI) in August had instructing banks not to use penal interest rates as a revenue enhancement tool but rather to...